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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES        
Net income $ 22,361 $ 17,803 $ 39,679 $ 31,182
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     45,297 50,743
Deferred income taxes     4,421 4,367
Stock-based compensation     1,279 319
Gain on disposal of property and equipment (7,542) (5,386) (11,383) (8,254)
Changes in certain working capital items:        
Trade receivables     (4,688) 5,810
Prepaid expenses and other current assets     (1,148) (2,087)
Accounts payable, accrued liabilities, and accrued expenses     (2,727) (11,073)
Accrued income taxes     946 (1,286)
Net cash provided by operating activities     71,676 69,721
INVESTING ACTIVITIES        
Proceeds from sale of property and equipment     38,752 64,359
Purchases of property and equipment, net of trades     (66,483) (86,936)
Change in other assets     7 460
Net cash used in investing activities     (27,724) (22,117)
FINANCING ACTIVITIES        
Payments of cash dividends     (1,640) (3,311)
Shares withheld for employee taxes related to stock-based compensation     (321) (124)
Repurchases of common stock     0 (20,922)
Net cash used in financing activities     (1,961) (24,357)
Net increase in cash, cash equivalents and restricted cash     41,991 23,247
CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Beginning of period     182,938 106,098
Ending Period 224,929 129,345 224,929 129,345
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION        
Cash paid during the period for income taxes, net of refunds     7,202 1,598
Noncash investing and financing activities:        
Purchased property and equipment in accounts payable     13,118 511
Sold revenue equipment in other current assets     2,448 5,600
Dividends Payable 1,640 0 1,640 0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Cash and Cash Equivalents, at Carrying Value 205,642 106,402 205,642 106,402
Restricted Cash and Investments, Current 2,404 2,819 2,404 2,819
Restricted Cash and Cash Equivalents, Noncurrent 16,883 20,124 16,883 20,124
Ending Period $ 224,929 $ 129,345 $ 224,929 $ 129,345